Jeff Bezos lost more than $20 billion during Amazon’s collapse

Amazon founder Jeff Bezos has lost more than $20 billion after the tech giant saw its first quarterly loss since the Obama presidency. Amazon operated with a net loss of $3.8 billion this quarter, compared to a net profit of $8.1 billion in the same period last year. announced Thursday. The last time Amazon reported […]

Amazon’s first US contingent overcomes hurdles, faces new ones

NEW YORK (AP) — When a group of resentful former and current warehouse workers in Staten Island, New York, went head-to-head with Amazon in a union election, many compared it to a David and Goliath battle. David won. And Friday’s giddy surprise caused the sudden emergence of organizers and labor advocates who swept the victory […]

Troop Selection Set at Amazon’s Staten Island Warehouse

A fledgling labor union at Amazon and Staten Island warehouses agreed to terms for an election for the end of March, setting the stage for two major elections at Amazon warehouses simultaneously. The Staten Island warehouse election will be held in person March 25-30, according to Christian Smalls, a former Amazon employee in Staten Island […]

Can Anyone Satisfy Amazon’s Craving for Electric Vans?

This number is growing rapidly. Amazon has spent several years and tens of billions of dollars delivering packages, moving away from relying on big carriers like UPS. Amazon has ordered 20,000 diesel Sprinter pickup trucks from Mercedes-Benz to begin expansion. Amazon delivers more than half of its orders globally and even more in the United […]

Inside Amazon’s Worst Human Resources Problem

Company executives warned about “inadequate service level”, “missing processes” and “prone to delay and error” systems in internal correspondence. The scale of the problem makes clear how Amazon employees routinely take a backseat to customers during the company’s rapid rise to retail dominance. To satisfy customers’ appetite for fast delivery, Amazon has outperformed its competitors […]

Amazon’s Astro robot is dumb. You will still fall in love with it.

Why are we doing this? UCLA’s Mark Edmonds says it all starts with confidence. He has studied He says why people trust robots and that by default we tend to rely on machines to do what they are programmed to do. That means machines have to take care trust instead structure he. With Astro, trust […]

New World, Amazon’s Biggest Video Game Hope Ever

One of the often cited reasons for Amazon’s struggles is that the typical mindset of big tech companies—taking an analytical approach that involves spending money on something, scaling up, and hoping for results—isn’t working in an unstable, artistic industry like gaming. where users are quick to criticize and slow to adopt new entrants. “It’s spreadsheet […]

Amazon’s quarterly profit jumped to $7.8 billion.

On Thursday, Amazon followed a trend among the nation’s biggest tech firms. The company said it made more money last quarter than last year — a lot more money. The company said sales in the three months ending June reached $113.1 billion, up 27 percent from the previous year when the quarantines were at their […]

GOP Lawmakers Question Amazon’s Connections to the Pentagon Contract

WASHINGTON — As the Department of Defense prepares to receive bids for cloud computing work that could generate billions of dollars for Amazon, members of Congress are raising new questions about the company’s efforts to win a $10 billion contract during the Trump administration. While previously unpublished emails praised Pentagon officials in 2017 and 2018 […]

Bezos’ Debut, One of Amazon’s Top Rankings

“Intel, Microsoft, Oracle – you see this pattern,” he said. Even before a founder leaves, managers feel that a business is approaching a new era, he said. “People get the idea that Jeff will transition, and that leads people to consider other options,” he said, adding that as companies grow, managers often find less bureaucracy […]